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FOX Business
Jan 30, 2013 6:00pm EST
economy, keep jobs at home, how can you be sure you do the right thing. to sort through it all is todd marks. todd, great to have you on the show. thank you so much for being with us. >> oh, my pleasure, gerri. gerri: how do you know? they label these things every which way. how do you know which products are made in america? >> well, they are very serious and very complex, arcane rules governing what it means to be made in america. there's claims called qualified, made in the usa, no ambiguity. there's qualified claims, made in the u.s. of parts made in china. they are created here. gerri: hey, todd, like apple, created in california, asemilled in china. >> that confusion prompts people to scratch their head. we get letters all the time. how can it be? the laws are clear, but they are not. well, they may state that, you know, when they create laws about what it mean to be made in america, it says, in order to say it's unqualified made in america, there can be no ambiguity, and you don't want to mislead a reasonable person. you can't plant that idea. the companies do it with symbols, s
FOX Business
Jan 30, 2013 9:00pm EST
on. one at a time. is it possible to raise taxes and grow the economy simultaneously? >> absolutely. i don't think that's the best model, i think the economy can grow in spite of that. >> you have art he said that we need to put the taxes on the back burner? >> absolutely. the one we will finish this later. we will have you guys back again soon. thank you all for watching this show. we will have you back soon. t bul you hear what we found out about made in america. also, markets hit new highs. what's driving the latest run? can it last? your smart fun about to shame you in public. tonight, we have the apps that keep you in line and on time. "the willis report" is on the case. gerri: "the willis report" is on the case more on those stories in a moment, but, first, when you buy made in america, how do you really know it's made in america? labeling laws are confusing, and some products, well, they just outright lie about where it's made. if you want a healthy economy, keep jobs at home, how can you be sure you do the right hing. to sort through it all is todd marks. todd, great to have
CSPAN
Jan 30, 2013 7:00am EST
. often they do that in the shadow economy, a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. when that happens, it's not as bad for them, it's bad for the entire economy, because all the businesses that are trying to do the right thing that are hiring people legally, paying a decent wage, following the rules, they are the ones to suffer. they have got to compete against companies that are breaking the rules. the wages and working conditions of american workers are threatened as well. if we are truly committed to strengthening our middle-class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we've got to fix the system. we have to make sure that every business and every worker in america is pulling by the same set of rules. we have to bring in the shadow economy into the light so that everybody is held accountable. the businesses and the immigrants getting on the right side of the law. common-sense. that's why we need comprehensive immigration reform. host: presi
FOX Business
Feb 2, 2013 6:00pm EST
sure the software economy of 9/11 did not jeopardize her ability to create jobs and opportunities for americans at home. tax rates coming down. people should understand the entrepreneurial spirit of america needs to have a predictable tax policy and weight that do not burden the road. right now we have tax rate discussions that ur economy and that's not good. liz: it's hard to understand. the average hard-working american doesn't always understand what is happening. basically presidt george w. bush got vilified for raising the. despite the fact that on his watch the berlin wall fell, the soviet union collapsed or it at the same time, this president that we have a thing that saying that i will not raise taxes on the middle class family. i won't even raise capital gains taxes. how are we, in this day and age, when president barack obama does not get criticized? >> people should look at what the first president bush did when he did have new taxes. it cost him reelection, but he did the right thing. he got something. he he got disciplined into the federal government. he drove discipli
FOX Business
Jan 30, 2013 12:00am EST
had a lot of smart people who work with us here in chattanooga, and, of course, as the economy went bad, that was a downer for everyone, and then the stimulus money came along. we, fortunately, had already completed a very comprehensive business plan that showed that the system would work, and it would pay for itself over time with the savings that can be achieved from the new technology. melissa: yeah, they were giving away good money after bad for, you know, whatever project was going, so you might as well grab it and spend it on good if they spend it no matter what. geek move, awards $11,250 for moving into the city, $10,000 for expenses, and 12,000 for moving. how many show an interest in the opportunity? >> we've had a hundred applications and we'll filter through them. it is a success based on a similar success a few years ago with artists, encouraging people to move here for a specific purpose, and we have neighborhoods where houses are going wadding. geeks, that's a good term in chattanooga, urban pioneers frequently, so with a little incentive, we can bring individuals to c
CSPAN
Feb 1, 2013 9:00am EST
from how people personally did but how does it into the economy? guest: we are seeing an economy that is recovering slowly from the crisis and recession of 2008 and 2009. we can put a number of side for a minute because that is about investment income. even over the long time horizon, we are seeing incomes rise. people are earning more money. people are starting to put people back to work. certainly, this is not a happy days are here again and everything is fine. we are not healed but it is making progress in that direction. host: take a look at a lot of factors. it look at wages and income and rental income. you look at investment income as a whole. that paints a picture of where americans are financially. guest: that's right. you can't buy the things you need if you don't have income. for some, that is a paycheck from their job or from retirees, social security benefits. or for people who have invested a lot, it might be invested -- investment income dividends. wherever it comes from, that is the core of how you buy the things you need and want. host: our guests will take a loo
FOX Business
Feb 1, 2013 11:00am EST
in washington are giving us what is good for the economy and that is a on a diet while the private sector continues to grow and when you compare us to the last expansion there were 150,000 private sector jobs added herman in the last expansion and in this expansion there are 200,000. believe it or not washington may be helping us. dagen: if times are so great, why is the ten year treasury below 2% on a yield? why hasn't the bond bear market showed up yet? which you were calling for last march? >> you are right. i got to tell you it has probably more to do with the craziness of central bankers than anything else? i was just in davos last weekend we spent a lot of time talking about the monetary policy, what is going on, how unorthodox this all is. the thing that i said to mark carney of the head of the bank of england was waived lb into uncharted waters and acknowledging we don't know how to get home we decided to sell deeper into uncharted waters. we are setting ourselves up for major problems. the fact that the fed continues to keep interest rates this low especially when i can point to
CSPAN
Feb 2, 2013 7:00am EST
numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs
FOX News
Feb 1, 2013 8:00am PST
the a tell you what it means for your wallet and the economy. and for some the super bowl is nothing but filler between those often-times hysterical commercials. jon: love them. jenna: we have a sneak peak at madison avenue's finest. it's all "happening now." take a look at unemployment rate, the new one that we got today i think it's going in the wrong direction. the news not all bad, not all good, we'll work through it for you everybody. glad to have you with us on friday. i'm jenna lee. jon: i'm glad it's friday. i'm jon scott. employers adding $157,000 jobs in january continuing the slow pace of job growth we have seen in recent months and years. it didn't make a dent in the unemployment rate. in fact the nation's jobless rate rising in january to 7.9%, clearly not good news. that doesn't seem to be phasing wall street, though. take a look at the dow, up more than 130 points, and approaching 14,000. senior white house foreign affairs correspondent wednesday algoler joins us live. >> reporter: as one analyst put it the top line is not so good but the bottom line is really not so b
CSPAN
Jan 30, 2013 9:00am EST
in the technology industry where it was mentioned that between 2010 2010-2020, the american economy will annually create more than 120,000 additional computer or science jobs that were require at least a bachelors degree. that's just mention one aspect of this. this is great news for many of our computer science students. and for joy that is the end of the good news. each year only about 40,000 american students receive bachelor degrees in computer science. in other words, there are approximately 80,000 new computer science positions every year in the united states cannot be filled by available american workforce positions. and i have positions that need to be filled so that our technology industry can continue to thrive. simply put, u.s. based companies have a great need for those trained in the science, technology, engineering and math fields. but at least right now there are not enough americans trained and ready to fill these jobs. we cannot continue to simply hope that american companies do not move operations to countries where they have greater access for individuals trained in these s.t.e
CSPAN
Feb 4, 2013 10:00am EST
. everything we do. there is nothing else that impact our economy so directly as energy. whether it is individuals that are struggling to fill up their gas tanks, pay their electric bills, whether it is business leaders making decisions on investments based on the cost of power server farms or smelters, we recognize lower cost is better and that's what everybody is seeking. there are those who would have you believe that the best way to reduce energy's direct cost is simply to raise the direct cost so that we discourage energy use. my friends, this is a self- defeating policy. lowering the direct cost of energy is key to helping the u.s. economy recover and prosper. absolutely keep. next is clean. as we attempt to minimize indirect costs by driving up these prices, i would suggest this is a policy that is doomed to economic and practical failure. instead, we have to be aware of the impacts of every type of energy and make rational, informed decisions on what is acceptable, what needs to be mitigated, how do we do just that? our challenge here is to reduce the cost of cleaner sour
CNBC
Feb 1, 2013 7:00pm EST
that gdp report. the gdp report it looked like who knows? whenever an economy shrinks, usually it's like kosh roaches, not just one, usually you get another negative quarter coming soon. so this kind of reassures us maybe there's going to be upward revision in that fourth quarter gdp report. so things look okay, we're creating jobs, but as you said, job growth is still really, really slow. listen, to get -- remember, we want to get back to like that 5% rate maybe. at this pace it will take 100 months to get back to 5%. so listen, maybe okay, you don't have to worry about a recession, but if you're looking for strong growth we're not seeing it yet. >> this is still -- we're going to bring in somebody from the joint economic committee in a second. this is still the worst modern recovery in gdp and jobs going back to 1947, no matter how you slice it. but i think the upper revisions really helped trigger the market. let's get a second opinion on today's jobs stories and the outlook for the economy. here we have a republican response. south carolina republican congressman nick mulvaney. he's
CNBC
Jan 30, 2013 9:00am EST
in april. >> we do begin with a stunning gdp report. the economy contracted to 0.1% in the fourth quarter. first decline since 2009. this as we remain on dow 14,000 watch. the index is fewer than 46 points away from that mark. which hasn't been reached since october 2007. the dow component boeing rising pre-market. it earned $1.28 a share in the fourth quarter, beating wall street estimates. it expects no significant impact from any faa directives involving its 787 dreamliner, and is maintaining its production and delivery forecast. let's get to the gdp number. it is apparent that the economy came to somewhat of a screeching halt in the last two months of the year. >> i think cnbe played a big role. i'll calis a one off number. the reason i call it a one off number is there are way too many companies who reported during this period that did not see this level up -- well, let's just say no growth whatsoever. >> decline. that being said, it may be a one off, but it's still a bit surprising, if not scary. >> well, does it not say that the fed's been right in what it's been doing. >> it does.
MSNBC
Jan 31, 2013 3:00am PST
a new set of challenges after the commerce department reported yesterday that the nation's economy shrank for the first time since the great recession. >> how did that happen? >> well, government data shows the gross domestic product contracted at a .1% rate in the fourth quarter of 2012. it was the first decline since 2009. it put the white house on the defensive after months of touting steady job growth. >> there's more work to do, and our economy is facing a major headwind which goes to your point, and that's republicans in congress. talk about letting the sequester kick in, as though that were an acceptable thing belies where republicans were on this issue not that long ago, and it makes clear, again, that this is political brinksmanship of the kind that results in one primary victim, and that's american taxpayers, the american middle class. >> okay. what do you think is going on there, joe? >> i think what's going on is that we have spent more money as a government over the past four years than we have in the history of the republic. added $6 trillion in debt. and we have just
CSPAN
Feb 2, 2013 4:30pm EST
challenges facing the economies of europe, japan, china, and south korea. next on book tv. this is a little over an hour. [applause] >> okay. first of all, it is great to be back. we enjoyed our relationship that way. tokyo has been the headquarters of our asia-pacific operations for 25 years now. we enjoy a terrific relationship and a lot of different ways. one of my colleagues who is with me, doug peterson who just joined us from the city, and he is setting up. we welcome you, doug. dougie is all over the world. as such, he has lived quite a bit of time in japan himself. it's great to be with you tonight as well, doug. let's see. in terms of this whole notion of the book, by the way, a very modest title, banker to the world. when i heard of this, and i am a very close, personal friend of bill's, like everyone in this room is. and so when he was talking to me about this concept of what he wanted to write about to lessons of debt crises and all of this, i just knew that it was right in our sweet spot, what we needed to the will to do. so we were able to convince them. so no i'm not talking
FOX News
Feb 3, 2013 1:00pm PST
the economy, they say, is starting to turn around. what is going on here? we will bring in the senior business correspondent and anchor of bulls & bears. thank you for joining us. this number, then, is increasing. in fact, two years ago, 42 percent of retirees were putting off retirement. why the increase? >> it has been -- we have been getting more gray as a workforce because people have longer life spans and they have better health. we have switched from defined pension benefits to more risky 401(k) plans for people who have worked longer. the last two years was a dramatic jump leaving us to think it is something to do with the economy. people have been drawing down the 401(k)'s and into their savings because they have lost jobs and the value of homes are going down. the storm now is back where it was before the big financial meltdown in 2008 but, however, there is a feeling of insecurity. that is what is driving people to stay in the workforce longer. >>heather: home prices are rising now, and you mention the stock which has turned around if now. so, with the economy possibly rebounding, ho
FOX News
Feb 1, 2013 1:00pm PST
the economy we have right now? >> i think you'd see more hiring and i think you'd see more spending. those are the key things that drive the economy. you mentioned the numbers today. here's a key potent of that number. average hourly earnings, basically how much people are making by hour, right, as they work. do you realize we're at a one and a half year high in average hourly earnings. guess what the number is. it's a little over 2%. nobody has i any money. taxes are going up and people are making really lousy wages. >> people talk about fixing the tax code. one of the big questions is where do you start? would income tax be where with u start or start with corporate taxes or something like that? >> you have a couple things going on. one thing that's huge is the amount of money that's overseas in these corporations, right. the repate ration tax is gigantic. that's why a lot of money is overseas in tax haven. get the money back to the united states so they'll hire and spend capital. that's how you get the economy to grow. >> do you think we see 15,000 this year? it's only the first month.
CSPAN
Jan 29, 2013 7:00am EST
the american economy and strengthen american families. third, creating an effective employment verification system that will prevent identity theft and and the hiring of future unauthorized workers. leslie, an approved process for admitting future workers to serve the nation's workforce needs while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before, trumpeting similar proposals. but we believe that this will be the year that congress finally gets this done. the politics on this issue have been turned upside down. for the first time ever, there has been more political risk in opposing immigration reform than supporting it. host: senator chuck schumer, outlining the details of the immigration reform agreement so far. here is the headline from "roll call," this morning. host: here to talk more about this story, the staff writer at "roll-call," humberto sanchez. have democrats been able to move the ball forward? caller: it appears so, but principle is a big step forward. senator schumer mentioned that. it has been tried for a couple of
MSNBC
Feb 1, 2013 12:00pm PST
unemployment at 14.4%. in the words of ed koch, how'm i doing? how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn that frown upside down. >> two numbers jumped out at me. health care jobs up 23,000. retail jobs up 33,000. are we hiring more people in the retail sector because people are starting to send money and need more people to help them spend that money? we starting to see more people in the health care sector? people aren't afraid of obama care or numbers low or what do you think? >> well, health care is kind of -- it did well -- i don't believe there was a month even in the great recession when we were losing 700,000 jobs a month and health care did not add jobs. the job increa
CNN
Feb 1, 2013 6:00am PST
the end. that's for sure. >> oh, yeah. >> john berman, many thanks to you. >>> let's turn to the economy and new and encouraging signs this rng mmorning, more evidenc jobs market is recovering, albeit agonizingly slowly. 157,000 jobs were added last month and later this hour, wall street begins the day a little giddy. the dow celebrating its best january gains since 1994, and it all comes on the heels of president obama disbanding his jobs council, a group of business leaders who advised him on the economy. republicans were quick to seize on the news, scoffing at the white house's handling of the council and the economy overall. >> if the white house spent nearly as much time trying to actually fix the economy as it did claiming it was fixed and then finding excuses and sca scape goats when its premature announcements were false i suspected the economy would be better than it is doing here today. >> christine romans, is he right? the unemployment rate is still what, 7.9% now. >> yes, 7.9%, 157,000 jobs created in january. that's modest hiring. that is an economy that is healing still slo
MSNBC
Feb 1, 2013 7:00am PST
'm chris jansing. the economy is back in the spotlight. we just got the first jobs report of the year. unemployment ticked up .1% to 7.9% for january, adding 157,000 jobs. that is about what was expected, and continues the slow but steady economic recovery. it comes right after we learned the u.s. economy shrank for the first time in three years. gdp fell up .1% in the fourth quarter of 2012. part of the economic pause was because of hurricane sandy. but it was also because of big cuts in defense spending. >>> we also learned yesterday that members of the president's job council are out of a job. the council had a two-year charter that will not be renewed. this morning, speaker john boehner said this is the wrong time for president obama to scrap his jobs council and delay his budget. month after month, we see the same thing, high unemployment and even more debt. the white house knew this criticism was coming. >> when we hear some of the somewhat ridiculous criticisms about this, they come from people on capitol hill who have consistently opposed every growth initiative and job creati
CSPAN
Feb 1, 2013 8:00pm EST
war and 20 century popular culture. >> next common discussion in the u.s. economy and why some american could be holding back from investing or to trust issues concerning the government and financial site there. or "washington journal," this is 15 minutes. >> host: this history and for what "the wall street journal," chief economic correspondent. welcome. you wrote a piece saying how the trust deficit is hurting the economy. what we're trying to do? >> guest: we usually talk about things but budget deficits and trade deficits with things we can measure. what i'm talking about is the breakdown of trust in american society. it would take her in institutions that make our economy go. when you look at measures of trust from surveys by gallup for the pew institute that americans have, it's a very important institution including the media newspaper, television, congress, banks, large corporations, public school, public union. if all been going down for many years and allowed them, declining interest intensified leading up to and going into the financial crisis and there's a lot of re
MSNBC
Feb 1, 2013 11:00am PST
if the government is hurting the economy and keeping people from being enthusiastic or excited because of all the milestones with the debt ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the st
CBS
Jan 29, 2013 6:00am EST
support this plan say reform is good for elections and the economy. >> reform is critical to the nation's economy. the reality is that even in a very tight economy, there are all types of industries in our country which have used the work of immigrants every day to achieve the economic goals of those industries. >> the vast majority of americans believe that we need to have a legal immigration system that works an we have no is not a 21st century legal immigration system. >> reporter: the house is working on its own version of immigration reform. however, many democratic leaders say they're not quite as far along as the senate and of course they have their own critics, many of them republican members of the house who are concerned about money and whether or not the money will go towards securing our boarders. we'll have much more -- our borders. we'll have much more coming up in the half-hour. >> thanks, delia, live on capitol hill this morning. >>> in the last year border patrol agents have been dealing with more people trying to come to the country illegal. in 2012 agents made more th
CNBC
Feb 1, 2013 6:00am EST
number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was a lot of good stuff. >> it doesn't startle the market at all when it came out. >> i don't know whether they're whistling past the grape yard -- the mark was over a contraction, but not negative. >> they were looking for growth of 1%. >> so it was expected to be -- to go down. no one thought it would be negative. but if you're looking for 1% and you minus a tenth -- >> it's off by one. >> you think it's going to hit the unemployment rate? there's a big debate. >> i have no idea. >> i it probably won't this time around -- >> plus one or zero is not a big difference. the reality is you need 3% gdp growth. >> that's assuming that he needs an introduction. >> you're right, he doesn't. thi
CSPAN
Feb 4, 2013 7:00am EST
of the economy and financial crisis, that is what we are asking about you this morning, if the financial crisis has delayed those plants for you. give us a call. robert, clinton, md., you are on, sir. caller: 401k, in the early part of november my three kids were named the beneficiaries. we did all the paperwork. here it is, since february 4, and i have not got the money yet. the company that has the 401k, first of all, you cannot find them. i work in the credit union. they would not give you any information about the company that had the 401k. here it is, the fourth, and they still have not got the money. you have got to wait a long time to get your money. host: tell us a little bit about your plans, because of the limbo you are in. what does that mean for you? caller how it means i have to be very careful about four hope -- 401k. if something happened to me, i would release the money to my kids or something like that. if they needed it right away, they could get it, but they still have not received the money. i still do not know how these things work. because of the interest, i do not know. t
SFGTV2
Jan 30, 2013 4:00am PST
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
MSNBC
Feb 5, 2013 10:00am PST
leaders have said our economy is poised for progress in 2013, and we've seen signs of this progress over the last several weeks. home prices continue to climb. car sales are at a five-year high. manufacturing has been strong and we have created more than six million jobs in the last 35 months. we've also seen the effects that our political dysfunction -- the drawn-out process for resolving the fiscal cliff. the threat of massive automatic cuts have already started to affect business decisions. we've been reminded while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep indiscriminate cuts to things like education and training, energy, and national security will cost us jobs. it will slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for folks who are out there still looking for work. the good news is this doesn't have to happen. for all the drama and disagreements we've had over the past few years, democrats and republicans have still been able to come together and cut the deficit by more than $2.5 tr
FOX Business
Jan 29, 2013 1:00pm EST
: they said that they believe gold prices will peak in 2013 because as the stock market rises, the economy improves. investors will now be looking for that safe haven investment like they used to. they are actually calling for an end to the 12 year rally in gold. we are off a little bit today. gold is down on the week. it is now down on the year. some bearish momentum continues in the gold market. overall, sentiment in the metal market is down right now. melissa: thank you so much, sandra smith. lori: let's talk more about the economy home prices. they are on the rise. november home prices rose 5.5%. so, for the year, prices rose in 19 of the 20 cities. new york the only city to see a decrease. phoenix saw the fastest gain in prices with a 22.8% in the year. stick around for jeff falk later in the hour. see that i cannot wait for that. rodney wildwood is a principal at lockwood development. you are looking at and island that is near detroit and you want to buy it and create this utopia. what would the tax policy be like because that is what i care about? >> do not fax anything you want to
CNN
Feb 1, 2013 8:00am PST
report, the jobs report was very strong. it showed that 157,000 jobs were added to the economy in january. and sure the number came in a bit soft. what investors were looking at were the stronger revisions higher in november and december for those jobs numbers. so that was encouraging and that really got the dow over that level. but the focus yet today is on dow 14,000 because it's been five years since stocks were at this level and the optimists about this say it shows just how far we've come. >> remember, this? march 1999, the height of the dot com boom, dow hit 14,000 for the first time. >> it was a big deal when we hit 10,000, we gave out hats. these are big psychological levels, they're crescendos. >> fast forward to 2006, the height of the housing boom. dow 12,000. nine months after that, 14,000. but we wouldn't see that threshold again for a long time. the housing market was already crumbling, recession was lurking. now five years later, we're back and the returns staggering. >> reporter: bank stocks buoyed, bounced back. housing stocks through the roof, the rally is driven by you,
CSPAN
Feb 1, 2013 11:00pm EST
? >> guest: what i see is in an economy that isn't growing fast enough to produce many jobs. the unemployment rate was 7.8% in december, and, you know, it had looked like it was moving down and now we see that it pops up. and the reason for that is 157,000 jobs created in an economy with 140 million workers is not a lot. it's not enough to keep up with growth in the labor force, so, you know, this is a fundamental problem in our economy. you might argue the fundamental problem in our economy right now is that we're not growing fast enough to bring the unemployment rate down to levels that most americans would find acceptable. and we can have a loan discussion about -- long discussion about why we're not growing fast enough. you know, you could argue that the economy needs more investment, that the government should be providing more stimulus. you could argue the government is getting in the way. you can also argue that it's a res due of the financial crisis. >> host: the number of employed persons was -- little changed in january. the number of long-term unem employed unchanged to 4.7 million
Current
Feb 1, 2013 3:00am PST
new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [ music ] >> broadcasting across the nation, on your radio and on current tv. this is the bill press show. >> good morning, everyone. this is richard fowler stilling in for bill press on this fine friday morning. the start-off was going to be a grand super bowl weekend. i am pretty sure baltimore is anticipating what could be a win for them this weekend. but in other news i am here filling in for bill, and i am joined by bill's wonderful team who always makes me so welcome. i feel like i am home. >> richard welcome. >> we have peter there. >> there, man. >> dan, phil and cyprian working the cameras and phil getting those calls for us. listen, guys, i have got to tell you, there is a lot of stuff happeni
FOX News
Feb 1, 2013 6:00am PST
. look what is going on in the u.s. economy because we got brand new jobs numbers that just came out and they show sluggish hiring in the month of january. the labor department reported that the national unemployment rate jumped a little bit, now 7.9% up from 7.8% from the previous month. that doesn't really include people who decided they wouldn't look for work anymore and dropped out of the workforce for the time-being. the latest report showed employers added 15,000 jobs last month, not enough to really stimulate the economy -- 157,000. or create a new jobs growth picture. bring in fox business network senior correspondent charles gasparino. what is your take on these? >> not uniformly terrible. we added jobs in prior months. revised some of the job additions upward. we did create jobs but what i will tell you is carry about this number the narrative remains the same. this is an extremely slow-growing economy that is producing jobs at a very meager rate. when more people look for jobs unemployment ticks up. a quirk in the numbers. takes too long to explain why. the narrative, mart
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